The magazine “Cash Investigation” lifts the veil on the new life of Dominique Strauss-Kahn, the former boss of the IMF whose political career abruptly ended in 2011 following the Sofitel affair in New York.
The investigation, based on confidential documents from the Pandora Papers, reveals that the former French finance minister quickly bounced back into the business world. In 2012, he created the company Parnasse and launched into international conferences, charging up to 100,000 euros for his interventions.
DSK’s company is strategically located in Casablanca Finance City, a Moroccan free zone. This choice allows it to save around 6 million euros in corporate taxes in five years. When these tax benefits expire, its activities are transferred to an even more opaque jurisdiction.
The show also details his collaboration with businessman Thierry Leyne. Together, they created LSK and attempted to raise $2 billion for an international investment fund. This adventure ends tragically with Leyne’s suicide and accusations of fraud, notably against a retired couple from Marseille who lost more than a million euros.
The former head of the IMF also became an advisor to controversial governments, notably that of Congolese President Denis Sassou-Nguesso. A position which raises questions, DSK having previously facilitated the cancellation of a debt of 1.5 billion euros from Congo when he headed the IMF.
Asked by the “Cash Investigation” team, Dominique Strauss-Kahn declined any interview request concerning his post-IMF activities.
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